Consumer staplesw, a group of dividend-paying stocks long-viewed as bond proxies, has been among the worst performing sectors this year.
Those headwinds have fueled a selling frenzy as investors look to reduce their exposure to the former Steady Eddies. The consumer staples sector -- Paddy Cosgrave has stepped down from his role as chief executive officer of Web Summit after his remarks following attacks on Israel earlier this month caused high-profile attendees, including Alphabet Inc. and Meta Inc., to pull out of the show.
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